🛡️ Public data only — no PHI permitted on this instance.

HOSP

BILLINGS CLINIC

CCN 270004|LOC BILLINGS, MT|BEDS 334|NPR $871.5M|MARGIN -17.3%

SeekingChartis Score

INVESTMENT THESIS

Buy: BILLINGS CLINIC

/ 100 (B)

+$64.1M

EBITDA Uplift

+736bps

Margin Δ

0.0%

Op Margin

$871.5M

Revenue

—

Realization

—

Peer Rank

SIGNAL STRENGTH

Margin

0.0%

Safety

47%

CATALYSTS

▲RCM uplift of $64.1M (+736bps)

▲Platform-sized facility

RISKS

▼Elevated distress risk (53%)

▼High Medicaid exposure (27%)

Buy — solid fundamentals with identifiable value creation levers. Proceed to detailed diligence.

Peer Analysis EBITDA Bridge Data Room IC Memo ML Detail

$871.5M

Net Patient Revenue

-17.3%

Operating Margin

$-150.6M

Net Income

334

Licensed Beds

$2,609K

Revenue per Bed

$1,022.1M

Operating Expenses

Payer Mix

PYR

■ MEDICARE · 36%■ MEDICAID · 27%■ COMMERCIAL · 37%

Score Breakdown

SCComposite · 41/100

Component	Score	Max	%
Market Position	25	35	71%
Financial Health	3	25	14%
Operational Quality	0	20	0%
Competitive Moat	4	20	22%

Comparable Hospitals

CMP

CCN	Hospital	Beds	NPR
270003	ST. PETERS HOSPITAL	125	$0M
270012	BENEFIS HOSPITALS INC.	312	$0M
270014	ST PATRICK HOSPITAL	206	$0M
270017	SAINT JAMES HEALTHCARE	69	$0M
270023	COMMUNITY MEDICAL CENTER	141	$0M

Team Notes

NOTE0 entries

Actions

ACT

WFDiligence Workflow

Competitive Intel EBITDA Bridge Data Room IC Memo Scenarios

AIDeep Analysis

ML Analysis Demand 3-Year History Stats Bayesian

FINFinancial Models

DCF LBO 3-Statement Returns Market Denial

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